央行重要会议 关于货币政策

Core Viewpoint - The People's Bank of China emphasizes the need for a moderately loose monetary policy to enhance counter-cyclical adjustments and support economic stability amid complex external conditions and domestic challenges [2][5]. Monetary Policy Strategy - The meeting suggests strengthening monetary policy regulation, improving its foresight, targeting, and effectiveness based on domestic and international economic conditions [1][2]. - It aims to maintain ample liquidity and guide financial institutions to increase credit supply, aligning social financing scale and money supply growth with economic growth and price level expectations [3][4]. Economic Analysis - The current external environment is increasingly complex, with weakening global economic growth and rising trade barriers, leading to differentiated economic performances among major economies [2][5]. - Despite steady economic operation and improved social confidence, challenges such as insufficient domestic demand and low price levels persist [2][5]. Financial Market Stability - The meeting highlights the importance of maintaining stability in the capital market and the real estate market, urging large banks to enhance their role in serving the real economy [4][5]. - It calls for effective implementation of structural monetary policy tools to support key areas like technological innovation, consumption, small and micro enterprises, and foreign trade [4][5]. Real Estate and Financial System - There is a focus on revitalizing existing housing and land assets to stabilize the real estate market and improve foundational financial systems [5]. - The meeting stresses the need for high-level financial openness and enhancing economic and financial management capabilities under open conditions [5].